Once again it was driven by Toronto
, which together with Hamilton
, are shown as seller’s markets. The national increase month-over-month was 1.03% in August.
Toronto prices rose 8.7% year-over-year and Hamilton is benefitting from the overspill with an 8.76% rise.
Vancouver prices were up 9.7% year-over-year. Other cities gaining were Calgary which was up 0.7% year-over-year but also gained 3.87% in August compared to July.
Edmonton prices were up 0.79% over the year and Victoria gained 3.19%.
Five cities, though, saw lower prices than a year earlier -- Halifax (-1.4%), Quebec City (-0.74%), Montreal (-0.46%), Ottawa (-0.40%), and Winnipeg (-0.35%).
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Investment Hot Spots:
Fortune, Elie, Stirling-Rawdon, Lower Sandy Point, Walden
The latest home price index from Teranet and mortgage lender National Bank shows a 5.39% rise in the national average home price for August.